From BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Indian markets likely to open higher; Gift Nifty signals 150-point gap-up
What's behind this
Indian markets are expected to open higher, with the Gift Nifty signalling a 150‑point gap‑up. Easing crude‑oil prices and hopes of a Middle East de‑escalation are supporting sentiment, even as global markets stay under pressure. On Tuesday, November 3, Indian equity benchmarks opened sharply higher, the Sensex rising over 450 points and the Nifty trading above 23,500, despite weakness across Asian markets and continued selling in global technology stocks. Investors are watching the unwinding of AI‑related trades, movements in crude‑oil prices and geopolitical developments involving the US.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
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left · 1 outlet
The rupee is expected to remain under pressure as crude oil is still hovering near $110 per barrel levels. The rupee fell 21 paise and was trading at 94.97 against the dollar in early trade
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right · 3 outlets
Easing crude oil prices and hopes of Middle East de-escalation support sentiment, even as global markets remain under pressure
RSS excerpt
Easing crude oil prices and hopes of Middle East de-escalation support sentiment, even as global markets remain under pressure
